When you burn hydrogen, you generate energy in the form of heat, and the only by-product is water, making it a clean source of energy. However, it requires energy to make the hydrogen in the first place. Hydrogen is part of climate discussions for hard-to-decarbonize sectors like trucking, airplanes and as a store of electricity. […]
‘The role of green hydrogen in achieving a climate-compatible future – is there one? – EQ Mag Pro
The growing clamour around renewable H2 ignores some harsh realities that will limit its role in the energy transition — not least the laws of physics, writes Andreas Biermann Green hydrogen is being heavily promoted by some quarters of the energy world, with some saying it is the only way to achieve deep decarbonization in […]
ADB Announces Support for Task Force on Climate-Related Financial Disclosures – EQ Mag Pro
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has declared its support for the Task Force on Climate-Related Financial Disclosures (TCFD), reaffirming its commitment to building a more resilient financial system, increasing transparency, and safeguarding against risks from climate change through enhanced disclosure. “By signing up to this important initiative, ADB is demonstrating its commitment […]
Introducing ‘Regenerative,’ the New Climate Buzzword – EQ Mag Pro
“Regenerative” is the new “sustainable.” Or maybe it’s the new “renewable” — whatever. It’s the latest ubiquitous catchword in climate speak. Solar companies are now tagging their business as “regenerative energy.” The building industry is buzzing about “regenerative concrete.” Tourism offices are trumpeting “a more regenerative way of thinking.” Economists are calling for new metrics […]
Why COP27 Needs a Bigger Circus and More Solar Panels – EQ Mag Pro
Four ways to improve UN climate conferences I vividly remember attending my first UN climate talks in 2008. I remember the optimism, the technical conversations, the discussions about the overpriced food in the conference center, the press, the flight, and yes, the debates about the carbon footprint of the flight. I flew to Accra as […]
USAID ANNOUNCES TARGET TO MOBILIZE $150 BILLION IN CLIMATE FINANCE – EQ Mag Pro
USAID announced an ambitious target to mobilize $150 billion in public and private climate finance by 2030. USAID will catalyze the majority of this funding from private sector investments—as well as from public sector investments from partner country governments—through targeted programs and partnerships. USAID aims to catalyze 10 dollars of private sector financing for every […]
ADB Launches New Carbon Fund to Incentivize Climate Investments – EQ Mag Pro
GLASGOW, UNITED KINGDOM : The Asian Development Bank (ADB) this week launched a new carbon fund, the Climate Action Catalyst Fund (CACF), at COP26. The CACF will help ADB’s member countries meet their nationally determined contribution (NDC) targets and raise ambition over time. It will mobilize carbon finance through the purchase of internationally transferred mitigation […]
U.S., Canada among 20 countries to commit to stop financing fossil fuels abroad – EQ Mag Pro
Coal produced around 37% of the world’s electricity in 2019. More than 40 countries have committed to shift away from coal, in pledges made at the COP26 climate summit. Major coal-using countries including Poland, Vietnam and Chile are among those to make the commitment. But some of the world’s biggest coal-dependent countries, including China and […]
ADB, EIB Sign MOU on Core Areas of Climate, Environment – EQ Mag Pro
GLASGOW, UNITED KINGDOM : The presidents of the Asian Development Bank (ADB) and European Investment Bank (EIB) signed a memorandum of understanding (MOU) today setting out areas of cooperation in Asia and the Pacific over the next 5 years. Under the MOU, signed on the sidelines of COP26 in Glasgow, the institutions agreed to work […]
Carrefour Raises Climate Goals as Targets 2040 Carbon Neutrality – EQ Mag Pro
French retailer Carrefour SA said it aims to become a carbon-neutral company by 2040 by quickening its initiatives to reduce emissions of greenhouse gases. Carrefour aims to reduce its emissions by 70% in 2040 versus 2019 levels, 15 percentage points more than its previous target, the company said Sunday in a statement. The retailer said […]